Had confessed to confused with one of these digital currencies, Alibaba CEO Jack Ma now decided to be in anti-Bitcoin camp.

Quoted from the South China Morning Post, Tuesday (5/22/2018), at the World Intelligence Congress in Tianjin, China, Jack Ma revealed there is a gap owned by Bitcoin.

"There are bubbles on Bitcoin, but not bubbles in blockchain technology," he said.Bubbles, is a term in economics that refers to the trading activity of an asset in a large volume so that its price range goes far beyond its intrinsic value. According to Jack Ma, Bitcoin experienced that.Although his attitude seemed anti with the cryptocurrency, but he did not turn a blind eye to the technology that runs all transactions using Bitcoin, the blockchain. Personally, he admits that he is quite confident in this technology.

The man whose real name is Ma Yun also said that blockchain is a solution to security and privacy, especially in internet-based finance that processes trillions of trillions of trades. Even so, he does not agree if this technology is applied to run Bitcoin for money.

"Social networks may not need blockchain, but we still have to switch to it, because otherwise it would be fatal," he said.

In line with the thinking of Jack Ma, Alibaba has been doing research on technology that functions like the ledger in recent years.

In fact, the e-commerce giant is also ranked first in the patent application against global application blockchain in 2017.

Over the past year, Alibaba has listed 43 blockchain application patents, with Bank of America being the closest competitor through 33 patents. The figures are based on data from IPRdaily, the provider of information on intellectual property.

In addition to Alibaba, a number of companies from other Bamboo Curtain countries have also implemented blockchain technology in various sectors. They are Xiaomi with blockchain based game titled Jiamitu, Cainiao who applies the technology in logistics delivery, Ofo through a blockchain research agency, as well as one of Mobike's business units.Blockchain fever was not only penetrated into companies that have been said large, a number of startups that move in that field was also quite a lot. It can be seen from 41% of the total funding of startup focused on the pilot company engaged in the field associated with blockchain.

"Blockchain is a hot topic of conversation right now, but not all companies can implement this technology.Too many people are selling blockchain-based products, this is my concern," concluded Jack Ma.

Whoever mines the block which ends up containing your transaction will get its fee.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.

Quite saddening , although its their decision . We could only hope they would change their mind . Like what facebook did on crypto ads . Good thing tho , hes on the positive side of the blockchain technology . Who knows , maybe one day theyre going to apply it on their own company or something . Jack Ma is a big player if they get into the blockchain technology .

who cares what different idiots on the internet are saying about bitcoin? if he doesn't like or want bitcoin then that is his problem not ours. and by the way why are you posting ancient news here? this was months ago and nobody even cared back then and they still don't give a damn about it now.

I do not think that Jack Ma told us something new that we did not see and did not know. In my opinion, now any sane person will say that in December last year bitcoin proved to be a financial bubble, the consequences of which we feel to this day. If it were not pumped up then we would have a much larger cost of bitcoin.

I think we don't need care much about this because it is his opinion. We can agree or disagree with his opinion and it can not make a big influence to bitcoin community. Therefore, everyone should calm and wait for the official announce.

Those top tycoons don't like BTC, and the cryptocurrency world doesn't have to care too much about Buffett, Bill Gates and Ma Yun!Because BTC and cryptocurrencies completely overturn their investment philosophy, they can only attack cryptocurrencies!

Wonder how legal it is to patent a free technology. I guess it is immoral... It just doesn't make sense to me. Nothing stops a decentralized Cryptocurrency from using these patented stuff in the future. If they can use Bitcoin Blockchain freely, why won't Bitcoin use theirs freely too.

Had confessed to confused with one of these digital currencies, Alibaba CEO Jack Ma now decided to be in anti-Bitcoin camp.

Quoted from the South China Morning Post, Tuesday (5/22/2018), at the World Intelligence Congress in Tianjin, China, Jack Ma revealed there is a gap owned by Bitcoin.

"There are bubbles on Bitcoin, but not bubbles in blockchain technology," he said.Bubbles, is a term in economics that refers to the trading activity of an asset in a large volume so that its price range goes far beyond its intrinsic value. According to Jack Ma, Bitcoin experienced that.Although his attitude seemed anti with the cryptocurrency, but he did not turn a blind eye to the technology that runs all transactions using Bitcoin, the blockchain. Personally, he admits that he is quite confident in this technology.

The man whose real name is Ma Yun also said that blockchain is a solution to security and privacy, especially in internet-based finance that processes trillions of trillions of trades. Even so, he does not agree if this technology is applied to run Bitcoin for money.

"Social networks may not need blockchain, but we still have to switch to it, because otherwise it would be fatal," he said.

In line with the thinking of Jack Ma, Alibaba has been doing research on technology that functions like the ledger in recent years.

In fact, the e-commerce giant is also ranked first in the patent application against global application blockchain in 2017.

Over the past year, Alibaba has listed 43 blockchain application patents, with Bank of America being the closest competitor through 33 patents. The figures are based on data from IPRdaily, the provider of information on intellectual property.

In addition to Alibaba, a number of companies from other Bamboo Curtain countries have also implemented blockchain technology in various sectors. They are Xiaomi with blockchain based game titled Jiamitu, Cainiao who applies the technology in logistics delivery, Ofo through a blockchain research agency, as well as one of Mobike's business units.Blockchain fever was not only penetrated into companies that have been said large, a number of startups that move in that field was also quite a lot. It can be seen from 41% of the total funding of startup focused on the pilot company engaged in the field associated with blockchain.

"Blockchain is a hot topic of conversation right now, but not all companies can implement this technology.Too many people are selling blockchain-based products, this is my concern," concluded Jack Ma.

Well we dont need his opinion , since bitcoin will continue working with/without his opinion. If he doesnt like bitcoin then its his problem we have nothing to do with it.

Had confessed to confused with one of these digital currencies, Alibaba CEO Jack Ma now decided to be in anti-Bitcoin camp.

Quoted from the South China Morning Post, Tuesday (5/22/2018), at the World Intelligence Congress in Tianjin, China, Jack Ma revealed there is a gap owned by Bitcoin.

"There are bubbles on Bitcoin, but not bubbles in blockchain technology," he said.Bubbles, is a term in economics that refers to the trading activity of an asset in a large volume so that its price range goes far beyond its intrinsic value. According to Jack Ma, Bitcoin experienced that.Although his attitude seemed anti with the cryptocurrency, but he did not turn a blind eye to the technology that runs all transactions using Bitcoin, the blockchain. Personally, he admits that he is quite confident in this technology.

The man whose real name is Ma Yun also said that blockchain is a solution to security and privacy, especially in internet-based finance that processes trillions of trillions of trades. Even so, he does not agree if this technology is applied to run Bitcoin for money.

"Social networks may not need blockchain, but we still have to switch to it, because otherwise it would be fatal," he said.

In line with the thinking of Jack Ma, Alibaba has been doing research on technology that functions like the ledger in recent years.

In fact, the e-commerce giant is also ranked first in the patent application against global application blockchain in 2017.

Over the past year, Alibaba has listed 43 blockchain application patents, with Bank of America being the closest competitor through 33 patents. The figures are based on data from IPRdaily, the provider of information on intellectual property.

In addition to Alibaba, a number of companies from other Bamboo Curtain countries have also implemented blockchain technology in various sectors. They are Xiaomi with blockchain based game titled Jiamitu, Cainiao who applies the technology in logistics delivery, Ofo through a blockchain research agency, as well as one of Mobike's business units.Blockchain fever was not only penetrated into companies that have been said large, a number of startups that move in that field was also quite a lot. It can be seen from 41% of the total funding of startup focused on the pilot company engaged in the field associated with blockchain.

"Blockchain is a hot topic of conversation right now, but not all companies can implement this technology.Too many people are selling blockchain-based products, this is my concern," concluded Jack Ma.

Maybe he has a reason why he is a anti bitcoin. But it doesnt matter. Well we cant blame him, maybe there will be a time that he will surely love bitcoin because of its way to help people like us

He lives in China and made a fortune. Do you think anybody living in China can disagree the Chinese government?Sometimes people bullshit to act as patriot but I know in his sub conscious he know the worth of uncensored Internet and the potential of bitcoin.

He lives in China and made a fortune. Do you think anybody living in China can disagree the Chinese government?Sometimes people bullshit to act as patriot but I know in his sub conscious he know the worth of uncensored Internet and the potential of bitcoin.

This might be one of the reasons for making him that statement. But I do not think that he really meant that.

It is very hard to believe that someone who made fortune or is making his living with an online business, will be against crypto. I see him as someone who has already done similar work and got a lot of recognition and money because of that.

Remember the times when China deceived Bitcoin?? This happened last year when they decide to ban cryptocurrency in their country so I'm not surprised that Jack Ma is Anti-Bitcoin. We don't need persons like him. If he doesn't want Bitcoin then so be it. Let him be and let us continue what we are doing.

Who care what he is saying if he is against bitcoin then there is no problem for cryptocurrency and blockchain technology. he already declare he love blockchain technology not surprise when he launch his own cryptocurrency he is doing this because he is jealous from bitcoin and cryptocurrency. because many business person don't want common peoples make money.

I think everyone should have a different opinion like Jack Ma that he's anti bitcoin to me that his right still does not have any effect on bitcoin, there are still many people out there who are very enthusiastic in favor of bitcoin.